The pharmaceutical industry is growing rapidly in India as the country has got some extremely skilled workers, cost beneficial chemical synthesis for a number of drugs and chemicals along with democratic setup and solid authorized framework to support the inventions as well as low-cost labor and moreover Indian outstanding education framework help manufacturers to build up business and encourage exports in these fields.
Pharmaceuticals- The business Field on the Rise in India
1. Gracure Pharmaceuticals Ltd.
http://www.gracure.com 251-254, 2nd Floor, DLF Tower
Email: info@gracure.com Block - IV, 15 Shivaji Marg,
Tel :91 - + 91 - 11 – 47770900 Delhi- 110 015
Pharmaceuticals - The Business Field on the Rise in India
Pharmaceuticals is the latest growing business field in India with lots of growing prospects as for
example, we are familiar with the fact that pharmaceutical industry was nothing before 1970 and
lately it has turned out to be so large that nearly 95% of our requirements for drugs are fulfilled
and they are mass-produced in our country itself, making it low-cost for the common people to
buy. The pharmaceutical industry is on the up with possibilities to bring the change in the
economy of India.
This industry is growing rapidly in India as the country has got some extremely skilled workers,
cost beneficial chemical synthesis for a number of drugs and chemicals along with democratic
setup and solid authorized framework to support the inventions as well as low-cost labor and
moreover Indian outstanding education framework help manufacturers to build up business and
encourage exports in these fields. Pharmaceutical market has become better with the free trade
policies and therefore Pharmaceutical manufacturers in India are able to face the challenge of
competition with special bioinformatics techniques in which, India is creating problems for the
multinationals.
2. Gracure Pharmaceuticals Ltd.
http://www.gracure.com 251-254, 2nd Floor, DLF Tower
Email: info@gracure.com Block - IV, 15 Shivaji Marg,
Tel :91 - + 91 - 11 – 47770900 Delhi- 110 015
However, path is not the same always, as the foreign countries are creating objections to bring
down the competition in the foreign market questioning about the generic as well as substandard
qualities as well as also creating difficulties in the shipping of the goods. Also, India is facing the
problem in the chemical and pharmaceutical sector by losing most of their patents, but
simultaneously it is good that the old patent policies are changing and the government is providing
its support strongly with best lawful aids to fight with developed nations over the patent issue.
The pharmaceutical industry is on the up with new opportunities, as new talented scientists are
making new inventions to make the life of common people easier, however one has to take care of
manufacturing it with low cost so that the common people are able to use it, or else multinational
companies are always knocking at the door to replace the local variety with the effective as well as
low-cost drugs, for this we have got to bring in new technologies and install low-cost automation to
bring down the market price, nevertheless we should not compromise on the quality of the
products. So, Let us hope for the best and make India proud through the top pharma companies
offering generic pharmaceutical products.